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Daily Insurance Industry News
Tuesday 17th of July 2018
April 30, 2012

Aviva reviews directors’ pay

by Gill Montia

Story link: Aviva reviews directors’ pay

Aviva reviews directors’ pay

Following the publication of its remuneration report last month, Aviva has heeded a number of concerns raised by shareholders and is taking a look at whether overall levels of remuneration appropriately reflect changes in shareholder value over the past year.

In particular, the insurer’s remuneration committee has agreed to review how the company will compensate future joining executives for the loss of entitlement from their previous roles, and has accepted the decision of group chief executive, Andrew Moss, not to accept a pay increase in 2012.

Committee chairman, Scott Wheway, comments: “A number of shareholders have indicated that they would like to see a different approach to the way we compensate senior directors on recruitment and an even closer correlation between our pay packages and shareholder returns.”

He adds: “Having listened to them, we have sought to address their concerns and will continue to engage with them on this matter.”

 

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